Bitcoin Forum

So I've been thinking:

X11 is cooler, consumes about 40% less electricity. Should be very important for all GPU miners (or almost all of them).
So why all X11 coins are not profitable to mine?

What is your opinion?

because the buyers are still buying scrypt crap coin

fpga

Because of the 40% less electricity, more miners mine and thus the revenue is lower. So if your electricity is really really high then it might be more profit to mine x11 then.

Where is these FPGA X11 miners?

yeah,many many fpga mining x11

I went to a 2600 meeting and was offered a modified cgminer and driver for Gridseed to mine X11. The dude wanted 20 BTC for it. I watched him install it and submit shares so its legit.

As not every scrypt coin is profitable to mine, same goes with X11 coins also.

remember that x11 miner are not optimized, this mean that someone have the optimized miner already and he/they is/are miing with +50%-100% more hashrate

I mine with 4 7950 cards, the hashrate is 4.1-4.4 MH/S.

cool story, bro.                                                                                                                                                                                                                                                         

Because t too many coins using X11 algorithm, you even can't count how many, but the current market situation is not very good,so low.

I wonder if this is true.
More proof pls.

There are only rumours about x11 fpga atm and nobody has posted any substantial proof . But it could be possible.

Everybody would know or have the info would mine themselves quietly. Anybody have info please msg me and I will pay you half my profit.. :)

Yes, same thing happened with XPM , GPU miner was made public after long time when XPM mining became less profitable . Even now XPM GPU miner is sold. So if there is any optimised version of cgminer or fpga , I don't think  you will get it unless you pay hefty amount.

that's funny stackmasher is telling the same story on different thread (some dude wanted to sell it some modified asic miner) twice:
*1 for scrypt-n
*1 for X11

So didn't you pay the 30BTC (10 for scrypt-n, 20 for X11) ?

it should be higher really, like 6MH/s

now profitable  8)

Actually the SCRYPT-N was only for a private pool. I am just trying to keep people from getting ripped off.... is that a crime?

yeah,some fgpa mining X11

Not really

When the time comes that we know there are asic's or fpga's for x11 it's time to move to another algo. :)

Same thing with scrypt, people were saying a couple of months back that there won't ever be scrypt asic's, look where we are now.

Only thing that concerns me is the time it's taking people to switch from scrypt to x11 or any other algos out there.

Seems like it isn't profitable at the moment, if even marginal. Comparing the difficulty of mining some of these coins don't correlate to the market prices. Maybe the whales aren't sold on X11 yet or X11 coins are not getting enough advertisement in the public, who knows. Does look really dire for gpu mining at the moment, unless you got super cheap electricity and/or designed a fpga to mine it efficiently. Only thing I see profitable to mine with gpu's is XPM.

X11 is not as "profitable" as if you directed those same cards to something like N-scrypt; however it has alot of advantages that make it worth it. For me, I am stuck in a small 1 bedroom apartment with 3 machines that have 6 cards in them each so i HAVE to mine something cooler for summer. otherwise ill have to cut down so much that i would earn less mining less scypt/n-scrypt coins. I also believe, even with the current rise in DRK value, that DRK is extremely undervalued for the actual improvements that come along with DRK. VTC/DOGE don't add anything new technologically to the scene so they don't actually add anything usefull to the CC community.

so it depends on what your goal is. Mine is to mine a coin that actually furthers advancement in the CC world AND wont burn me alive in the summer AND will only cost me up to 10% of what i could get with N-scrypt.

DRK does that for me (for now). Will it still be the same in a month? I have no idea. Sure id rather earn 1.4 BTC equiv a month with VTC but i would rather earn 1-1.2 BTC equiv and not burn alive in my apartment.

now only POS coins profitable  :D

but I still use X11 on TMB + Nicehash

What does fgpa means?  ;D

Field Programmable Gate Array

http://www.bitcoinupdate.nl/home/cleverhash-bezig-bouw-x11-asic-miner

delivery in a year from now... stop propagating false rumor (or not actually  ;D)

this is funny to put a dutch article here, when they have their own thread on the forum...